The Internal Audit Standards Board is one of the non-standing technical Boards of the Institute and was constituted on February 5, 2004. The Board is working relentlessly to bring out high quality technical literature in the form of Standards on Internal Audit and Technical Guides/ Studies/ Manuals, which constitute an important tool in helping the internal auditors to provide effective and efficient internal audit services to the clients and/ or employers. The Standards represent a codification of the best practices for internal auditors and will go a long way in strengthening the position and building up the performance benchmarks for internal auditors. The Board also conducts Certificate Courses on Enterprise Risk Management and Internal Audit, Concurrent Audit of Banks in order to help the members to develop competences in these fields and offer value added services. The Board also issues a quarterly e-newsletter “Internal Audit and Beyond” to provide valuable content on best practices and topical issues within the internal auditing profession. With a view to create awareness about the latest developments in the field of internal audit, the Board also organises seminars, conferences, workshops, etc in association with the Regional Councils and their branches.